Tel Aviv’s Cato Network raises $30m in funding round

Tel Aviv’s Cato Network raises $30m in funding round

Maker of cloud-based secure networks gets financing led by Greylock Partners along with Singtel Innov8 and earlier investors

Shlomo Kramer (L) at a security conference in San Francisco last year (Photo credit: Courtesy)
Shlomo Kramer (L) at a security conference in San Francisco last year (Photo credit: Courtesy)

Tel Aviv-based Cato Networks, a maker of cloud-based, secured networks for large enterprises that can be accessed from any location and also via mobile devices, said it has raised $30 million in funding.

The series B financing was led by Greylock Partners, with participation from Singtel Innov8 and existing investors U.S. Venture Partners (USVP), Aspect Ventures and the company’s founders, Shlomo Kramer and Gur Shatz.

The funding will allow Cato Networks to offer its cloud-based network security as a service solution, the Cato Cloud, to the global market, the company said in a statement.

“Cato Networks is at the forefront of a significant shift in networking and security infrastructure,” said Jerry Chen, partner at Greylock Partners and a Cato Board member. By combining network cost savings and eliminating network security infrastructure, “Cato is leading a cloud-based transformation in networking and security, mirroring the way cloud has redefined all other pillars of the IT infrastructure including applications, storage and computing.”

The funding round is the company’s second, after it raised $20 million in a series A round in June 2015.

Cato aims to strengthen the security of its clients by providing them with “an agile network security platform” that can support “any business need and rapidly adapt to emerging threats,” said Cato co-founder and chief executive officer Shlomo Kramer. The company “is paving the way for a new, scalable and simplified networking and security platform for enterprises of all sizes, and offers lucrative opportunities for channel partners in the networking and security domains.”

Kramer is a cybersecurity entrepreneur who previously cofounded Check Point Software Technologies and Imperva, Inc.

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